Autonomous aggregate expenditures decreases by $200 million,the marginal propensity to consume is 0.50,marginal propensity to invest is 0.25,and the marginal propensity to import is 0.10.Calculate the change in income.

Question

Quizplus · Accepted Answer

The Answer of Autonomous aggregate expenditures decreases by $200 million,the marginal propensity to consume is 0.50,marginal propensity to invest is 0.25,and the marginal propensity to import is 0.10.Calculate the change in income.

Autonomous Aggregate Expenditures Decreases by $200 Million,the Marginal Propensity to Consume